Dollar rose on Thursday and Euro was under pressure. The European Central Bank's (ECB) comments on the outlook for interest rates and the Federal Reserve's decision to reduce monthly asset purchases have highlighted the policy divergence between central banks. The European Central Bank’s guidance suggests that it does not support raising interest rates in the third quarter of 2022.
From a technical perspective, Euro’s daily candle closed bearish, reaching the lowest point in nearly a year, the indicators were weak. In H4 graph, Euro operated around lower BOLL band, MACD shows bearish signs, and the RSI is weak at 40. Overall, prioritise operation within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point is near 1.1520.
Resistance：1.1560-1.1580-1.1620
Support：1.1520-1.1500-1.1450
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